IAG
Time to buy IAG?$17.66
+$1.08 (6.48%)
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Save your seatTrader's Perspective
IAG ran from roughly $6.60 to $24.87 over the last 12 months as Côté Gold ramped, gold prices stayed strong, and May 5 first quarter results showed big cash flow and buybacks.
A failure to hold $16.50 could see a retrace toward $14.50 to $15.00. Any slip in production, weaker gold prices, or fresh concern around Burkina Faso exposure at Essakane would accelerate the downside.
If IAG holds the $16.50 to $17.00 support zone, a move back toward $20.50 to $24 is on the table. Resistance at $18.50 is the first hurdle, especially if gold stays firm and Côté keeps executing.
Analyst Ratings
Iamgold Corporation Earnings
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